Byfields Newsletter August / September 2020

COVID-19 has certainly dominated the news during the last few weeks as parts of Australia experience a surge in new cases. Premier Mark McGowan has pushed back the easing of restrictions in WA until at least August 15 but this is dependent on the situation in Victoria and New South Wales.

On a lighter note, the new financial year has arrived (where did last year go?). The ATO has seen a dramatic increase in the number of people lodging their tax returns early this year to get the benefit of a $1,080 tax offset. However, a lot of people have received smaller refunds than they were expecting due to uncertainty as to what could and couldn’t be claimed.

Home office, mobile phone and travel expenses are some of the most commonly forgotten deductions so remember to keep details of these expenses (along with other expenses like donations) before sending in your records so that you receive the highest refund (or the lowest amount payable) as possible.

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August / September 2020

Contents

 

Building Bonus Grants

1

Congratulations on 10 Years of Service with Byfields

1

Energy Efficient Communities Program – Small Business Grants

2

Land Tax Assistance for Landlords

3

Thinking of a PC upgrade?

3

JobKeeper Payments Exempt from Payroll Tax

4

Reconstructing Your Tax Records

4

Government Payments

5

Key ATO Dates for August & September 2020

5

 

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